Washington, DC – August 28, 2014 – On Tuesday, the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced awards of more than $195.4 million to 185 organizations.
The Progress Fund is excited to announce that it was one of the awardees who received the maximum amount of $2,000,000 offered under this year’s competitive grant process.
“This is tremendous news for Southwestern Pennsylvania small businesses. The Progress Fund’s strong track record of success in helping entrepreneurs to finance their dreams has revitalized towns, created thousands of jobs, and resulted in a stronger and more diverse economy for our region,” said Congressman Tim Murphy (PA-18). “This award will allow The Progress Fund to continue its important work and provide a critical source of small business financing.” Read the full press release and CDFI Fund Announcement.
Read more in the Tribune-Review article.